recession

CBS This Morning: Jobless Claims Continue

Nearly 3 million Americans filed new unemployment benefit claims last week, according to the Department of Labor on Thursday. That means more than 36 million...

Nearly 3 million Americans filed new unemployment benefit claims last week, according to the Department of Labor on Thursday. That means more than 36 million workers have filed for unemployment benefits in the past eight weeks. I joined CBS This Morning to explain the significance of the numbers.

CBS This Morning: Record Unemployment

A record 20.5 million Americans lost jobs in April, according to an unemployment report released by the Labor Department Friday. The U.S. unemployment rate j...

A record 20.5 million Americans lost jobs in April, according to an unemployment report released by the Labor Department Friday. The U.S. unemployment rate jumped to 14.7%, the worst since the Great Depression. I joined CBS This Morning: Saturday to unpack the staggering figure and discuss what it means for the future of the country.

CBS This Morning: Unemployment Rate Soars

The U.S. economy lost 20.5 million jobs in April amid the coronavirus pandemic. The national unemployment rate soared to 14.7% last month, the highest since ...

The U.S. economy lost 20.5 million jobs in April amid the coronavirus pandemic. The national unemployment rate soared to 14.7% last month, the highest since the Great Depression. I joined CBS This Morning to discuss.

CBS This Morning: Unemployment Claims in the Millions

For the seventh straight week, unemployment claims are in the millions. More than 33 million Americans have now filed claims for unemployment benefits since ...

For the seventh straight week, unemployment claims are in the millions. More than 33 million Americans have now filed claims for unemployment benefits since mid-March. I joined CBS This Morning to discuss what this means to the economy and which Americans are being hit hardest.

CBS Sunday Morning: Death of Retail?

As Americans shelter at home, everyday shopping habits have changed, perhaps permanently, with online grocery sales way up, and department stores struggling ...

As Americans shelter at home, everyday shopping habits have changed, perhaps permanently, with online grocery sales way up, and department stores struggling to survive. For CBS Sunday Morning, I spoke with Brookfield Properties executive Stephanie Brager; Jan Whitaker, who has written about the history of department stores; and Scott Galloway, a professor of marketing at New York University, about the future of retail.

CBS This Morning: More Devastating Jobless Claims

The Labor Department's latest report says roughly 3.8 million Americans filed for unemployment last week. The figure, comparatively lower than the last five ...

The Labor Department's latest report says roughly 3.8 million Americans filed for unemployment last week. The figure, comparatively lower than the last five weeks, brings the six-week total to 30 million U.S. workers filing jobless claims. The devastating total reflects the coronavirus pandemic's effect on the economy, despite trillions of dollars in stimulus spending. I joined CBS This Morning to break down the staggering figures.

CBS This Morning: The Next Stimulus Package

This week saw another significant spike in unemployment claims. Just over 4 million Americans filed for unemployment, bringing the pandemic's five-week total...

This week saw another significant spike in unemployment claims. Just over 4 million Americans filed for unemployment, bringing the pandemic's five-week total to roughly 26 million people without jobs. President Trump recently signed off on nearly $500 billion extra in addition to the initial coronavirus stimulus package, designed to help mitigate the pandemic's blow to the economy. I joined CBS This Morning to discuss what all of this means for the U.S. and American workers.

Five Weeks of Job Losses Erases 11 Years of Gains

Five Weeks of Job Losses Erases 11 Years of Gains

Another 4.4 million Americans filed for unemployment benefits in the week ending April 18th, putting the five-week tally at 26 million. To put that astounding number into perspective, it has taken just five weeks to sideline the same number of workers as jobs created since 2009.